Mingary Mine Drilling Yields 8m at 1.48 g/t Gold Including 7.13 g/t Peak

Strong Gold Intercepts at Mingary Mine

Havilah Resources Limited has unveiled promising results from its recent drilling campaign at the Mingary Mine prospect, part of the broader Mutooroo Project Area in South Australia. The company completed a 12-hole reverse circulation drilling program totaling 1,764 meters, with assay results from the first four holes delivering the highest gold grades recorded to date in this region.

Notably, drillhole MNRC006 returned an intercept of 8 meters averaging 1.48 grams per tonne (g/t) gold, including a standout 1 meter at 7.13 g/t. Other holes similarly revealed significant gold mineralisation, such as MNRC007 with 2 meters at 2.76 g/t gold and MNRC008 with 6 meters at 1.16 g/t gold. These results mark a meaningful step up in grade compared to previous drilling in the area.

Geological Context and Structural Controls

The mineralisation is hosted within a quartz-sulphide lode, which has now been confirmed to extend over at least 3 kilometers of strike both north and south of historic workings at Mingary Mine. This lode is enveloped by a distinctive garnet-bearing alteration halo and appears to be structurally controlled by a regional fault or shear zone that served as a conduit for mineralising fluids.

Dr Chris Giles, Havilah’s Technical Director, highlighted the consistency of the mineralised lode across all recent drillholes, emphasizing the unexpected nature of the high gold grades encountered. The geological setting and structural controls suggest a robust mineral system with potential for further extensions both along strike and at depth.

Implications for the Mutooroo Project

The Mingary Mine prospect lies approximately 16 kilometers southwest of the Mutooroo copper-cobalt-gold deposit, a key asset within Havilah’s portfolio. The new drilling results support the concept of a regional 'spoke and hub' mining development, where multiple prospects could supply sulphide ore feed to a central processing plant at Mutooroo.

While the current results are encouraging, the company awaits assay outcomes from the remaining drillholes before advancing resource estimations or development plans. Additional drilling is anticipated, subject to budget and rig availability, to further delineate the mineralisation and assess its economic potential.

Looking Ahead

Havilah’s recent drilling success at Mingary Mine adds a compelling chapter to the ongoing exploration story in the Mutooroo Project Area. The combination of high-grade gold intercepts and a structurally extensive lode system enhances the prospectivity of the region and could underpin future growth in resource inventory.

Investors and industry watchers will be keenly awaiting the full assay results and any subsequent resource updates, which will provide greater clarity on the scale and quality of the mineralisation. The company’s methodical approach to exploration and transparent reporting bode well for the next phases of development.